The SolarEdge logo is seen on a smartphone and a PC screen. Pavlo Gonchar | SOPA Images | Sipa USA via AP Images Shares of SolarEdge tumbled on Wednesday after hours, following the solar product manufacturer’s soft guidance for its fourth quarter amid demand struggles in the renewable energy sector. […]
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Etsy shares slip on light revenue and forecast decline in gross merchandise sales
An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn. Victor J. Blue/Bloomberg via Getty Images Shares of Etsy fell more than 4% in extended trading Wednesday after the company released third-quarter results that missed analysts’ estimates for revenue, and forecast a decline […]
Disney to buy remaining Hulu stake from Comcast in widely expected move
Rafael Henrique | SOPA Images | LightRocket | Getty Images Disney said Wednesday that it had agreed to buy Comcast‘s one-third stake in streaming service Hulu, a long-expected outcome. Disney said it expects to pay Comcast’s NBCUniversal about $8.61 billion by Dec. 1, reflecting the guaranteed minimum value of $27.5 […]
Space Force awards $2.5 billion in rocket contracts to SpaceX and ULA for 21 launches
A SpaceX Falcon Heavy rocket launches on its mission with a classified payload for the U.S. Space Force at Cape Canaveral, Florida, on Nov. 1, 2022. Steve Nesius | Reuters The U.S. Space Force assigned 21 rocket launches to SpaceX and United Launch Alliance, worth about $2.5 billion in total, […]
Qualcomm gives strong forecast, signaling chip slump recovery
Cristiano Amon, president and CEO of Qualcomm Incorporated, speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE) in New York, April 28, 2022. Brendan McDermid | Reuters Qualcomm reported fourth-quarter earnings on Wednesday that beat expectations for sales and earnings, despite big year-over-year […]
E.l.f. Beauty blows past Wall Street’s estimates, raises full-year guidance again
E.l.f. Beauty raised its full-year outlook for the second quarter in a row on Wednesday after posting another 76% year-over-year sales jump, beating Wall Street’s expectations. The cosmetics company, known for its viral TikTok marketing and middle-of-the-road pricing, also saw profits nearly triple compared with the year-ago period. Shares jumped […]
Airbnb beats on revenue but offers weaker-than-expected guidance
Brian Chesky, co-founder and CEO of Airbnb, speaks during an interview with CNBC on the floor of the New York Stock Exchange, May 10, 2023. Brendan McDermid | Reuters Airbnb shares slipped more than 3% in after-hours trading Wednesday after the company reported stronger than expected revenue, buoyed by currency […]
AMD stock jumps more than 9% on strong 2024 AI chip projections
Lisa Su, president and CEO of Advanced Micro Devices, speaks during a launch event in San Francisco on Aug. 7, 2019. David Paul Morris | Bloomberg | Getty Images AMD stock closed up more than 9% Wednesday, a day after the company beat top- and bottom-line earnings estimates and gave […]
DoubleLine’s Gundlach says interest rates are going to fall as recession arrives early 2024
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach believes that interest rates are about to trend lower as the economy deteriorates further and tips into a recession next year. “I do think rates are going to […]
The Fed decision on interest rates won’t offer much relief to Main Street businesses
Oleksandra Yagello | Moment | Getty Images In many respects, conditions are good for U.S. small businesses. Inflation, from the cost of goods to wage growth in the labor market, are coming down. And the economy is growing like gangbusters, with the most recent GDP reading outperforming expectations, a fact […]